European stocks advanced on Monday despite U.S. Federal Reserve's hawkish stance on interest rates and the darkening economic outlook.
On Friday, Fed Chair Jerome Powell signaled that rates may rise further but the Fed will "tread carefully."
Futures imply around an 80 percent chance of a steady outcome at the Sept. 20 meeting, but a 58 percent probability of a hike by year end.
The pan European STOXX 600 was up 0.6 percent at 453.95 after posting its first weekly gain in four.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.